The Hawaii Community Development Authority (HCDA) has approved Howard Hughes Corporation's plan for its next condo, Koula. All development within the Kakaako area must first get the approval of HCDA. Howard Hughes sought and was awarded approval to increase the podium height from 45-foot (allowed) to 75 feet.
The 41-story building is planned for a site next to the Ward Entertainment Center on Auahi Street, where a group of warehouse buildings were recently demolished. The condo will feature 570 studio, one-, two- and three-bedroom units ranging from 300 square feet to 1,500 square feet. Howard Hughes is looking to start sales in early 2019.
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The Howard Hughes Corp. plans to start sales by early 2019 for its sixth Honolulu mixed-used tower after receiving approval from the Hawaii Community Development Corp. for the 570-unit Koula at Ward Village.
The board gave its unanimous approval for the project Thursday, with conditions, including a requirement that the developer deliver at least 64 moderately priced units either in Koula, or elsewhere.
The approval also allows The Howard Hughes Corp. (NYSE: HHC) to build a 75-foot podium for the building, which will accommodate parking and retail that will face the developer’s central plaza, currently under construction on the site of the former warehouses that were demolished earlier this year.
Construction on the 41-story tower, which will have studios, one-, two- and three-bedroom units ranging in size from 300 square feet to 1,500 square feet, could start in late 2019, the company said.
"We want to say mahalo to the HCDA board and staff for the effort they undertook to consider our application and approve Koula," Todd Apo, senior vice president of community development at The Howard Hughes Corp, said. "Koula is exciting because of its connection to the Central Plaza. It will activate and enhance the plaza to serve as a dynamic, public gathering place for the local community."
Koula is being designed by the architecture firm Studio Gang, which has offices in Chicago, New York and San Francisco, with interiors by Yabu Pushelberg, which has offices in New York and Toronto.
Hilo designer Sig Zane chose the name for the building, Koula, which is the Hawaiian word for red sugar cane.